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New Deal


Announced

Inmobiliaria Colonial to acquire remaining stake in SFL from Predica Prevoyance Dialogue du Credit Agricole for £186m.

Financials

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Transaction Value£185m
Consideration TypeCash
Capital Owned-
Capital Bid For5%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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France

Private

property company

Pending

Real Estate

Acquisition

Friendly

Real Estate Holding and Development

Single Bidder

reit

Cross Border

Minority

Synopsis

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Inmobiliaria Colonial, a real estate company, agreed to acquire remaining stake in Societe Fonciere Lyonnaise, a French property company, from Predica Prevoyance Dialogue du Credit Agricole, an insurance company, for £186m. "This is a way to buy what everybody wants to buy but nobody is able to - high-quality, scarce assets. On top of that we do it with a blend of cash and securities at a price below market value," Pere Vinolas, Colonial CEO.

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